LOSS
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Furniture Manufacturer Artemob International Revenue Down to RON121M in 2020
Furniture manufacturer Artemob International posted RON121 million (EUR25.1 million) revenue in 2020, a decrease of 15.5% year-on-year, ZF has calculated from Finance Ministry data.
Romanian Hospitality Industry Turnover Drops 35% in 2020, Losses Triple
The turnover of the hospitality industry in Romania dropped 35% in 2020, to RON17.9 billion, due t pandemic restrictions, while the total losses of all companies in the industry tripled to R...
Iulius Group-Developed Projects’ Profit Shrinks to RON6M in 2020
Four of the eight projects developed by the Iulius Group of businessman Iulian Dascalu posed losses in 2020, while the other four saw their profits shrink year-on-year in 2020, the data the...
Romania’s Banking System Posts Over RON5B Profit in 2020
Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.
FP Proposes Dividend from 2016 -2017 Profits after RON102.9M Loss in 2020
Fondul Proprietatea (FP.RO) proposes a dividend of RON0.072 per share from profits left undistributed in 2016 and 2017, after reporting a RON102.9 million net loss for 2020.
Fondul Proprietatea Ends 2020 With RON103M Loss And RON10.3B Assets
Romanian property restitution fund Fondul Proprietatea (FP.RO) ended 2020 with a loss of RON103 million and total assets of RON10.3 billion, down 8.6% compared with the end of 2019, per calc...
Processing Industry Lost Most Employees in 2020
The processing industry lost 63,400 employees in October 2019 – October 2020, going from 1,149,200 people to 1,085,800, National Statistics Institute data show
Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
Steel Plant Donalam Calarasi in the Red After 16% Decline in Revenue
Steel plant Donalam Calarasi held by AFV Beltrame Group, one of the largest steel bar and special steel manufacturers in Europe, posted 367.3 milion lei (EUR77.5 million) revenue in 2019, 16...